Rs 5-40 lakh bank surety imposed on builders to ensure STPs

18 Sep 2023 CW Team

In a significant move aimed at ensuring the proper functioning of sewage treatment plants (STPs) in housing complexes, the Goa State Pollution Control Board (GSPCB) has implemented bank guarantees ranging from Rs 5 lakh to Rs 40 lakh for builders involved in constructing more than 25 units within such complexes.

Mr. Mahesh Patil, Chairman of GSPCB, emphasized that the decision was prompted by numerous complaints from the public, highlighting instances where STPs within housing complexes became dysfunctional after builders handed over the properties to housing societies. To address this concern, the imposition of bank guarantees on builders has been deemed necessary to hold them accountable for the functionality of STPs.

Builders will be required to provide bank guarantees corresponding to the project's cost, which varies between Rs 5 crore to over Rs 500 crore. Patil further explained that builders will be obligated to furnish these bank guarantees at the time of applying for the consent to establish. During this stage, GSPCB officials will conduct on-site inspections of the complexes to assess the proper functioning of the STPs.

This proactive measure by the GSPCB is expected to promote accountability among builders, ensuring that sewage treatment facilities are not only installed but also maintained effectively, thereby contributing to environmental conservation and public health.

Real Estate

31 Oct 2025

Birla Estates Tops Global GRESB 2025 Rankings

Birla Estates (BEPL), a wholly owned subsidiary of Aditya Birla Real Estate (formerly Century Textiles and Industries Limited), has been recognised as a Sector Leader in the 2025 GRESB Real Estate Assessment, securing top honours across multiple global and regional categories.Birla Estates’ Achievements in GRESB 2025:Global Sector Leader – ResidentialGlobal Sector Leader – Non-Listed ResidentialRegional Sector Leader – Asia – ResidentialRegional Sector Leader – Non-Listed – Asia – ResidentialThese distinctions reaffirm Birla Estates’ exceptional performance in Environmental, ..

Progota India Secures RDSO Clearance for Kavach 4.0

Concord Control Systems, one of India’s leading manufacturers of embedded electronic and critical system solutions, announced that its associate company, Progota India, has received Technical Prototype Clearance from the Research Designs and Standards Organisation (RDSO) for Kavach 4.0, the latest version of Indian Railways’ indigenous Automatic Train Protection (ATP) system.With this clearance, Progota has been formally approved to execute its ongoing trial order from South Central Railway, marking a key milestone in India’s railway modernization journey. The approval also establishes P..

MPS Interactive Systems Completes Full Acquisition of Liberate Group

MPS Interactive Systems (MPSi), a material subsidiary of MPS, has completed the acquisition of the remaining shareholding in the Liberate Group of Companies—comprising Liberate Learning, App-eLearn, and Liberate eLearning.With this transaction, MPSi now holds 100 per cent ownership of all entities within the Liberate Group, making them its wholly owned subsidiaries. The acquisition was executed in line with the valuation methodology defined in the original transaction documents.Commenting on the development, Rahul Arora, Chairman and CEO of MPS, said, “The corporate learning sector continu..